Re: Ran an ICO before? Share your stories (and read mine) here.
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Fast forward 6 months, we only raised 300K and most of the funds were spent back into marketing and market making (yes, you saw it right). Long story short, we kind of ended up where we started and now have a whitepaper to fulfil...
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Fast forward 6 months, we only raised 300K and most of the funds were spent back into marketing and market making (yes, you saw it right). Long story short, we kind of ended up where we started and now have a whitepaper to fulfil...
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Are we talking by utility tokens or security tokens here? Was ICO opened for US residents? Did you have to comply with KYC/AML regulations?
You say that you only managed to break even - have you not issued any tokens to yourselves, so you could dump later with potentially bigger gain? Have you not assigned small portion for 'bounties' (essentially free marketing)?
Have you verified any previous projects of that 'advisor'? Was he legit? I have my doubts.